Brady Brewer Sells 2,229 Shares of Starbucks (NASDAQ:SBUX) Stock

Starbucks Corporation (NASDAQ:SBUX) CEO Brady Brewer sold 2,229 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $105.99, for a total transaction of $236,251.71. Following the completion of the transaction, the chief executive officer directly owned 75,135 shares of the company’s stock, valued at $7,963,558.65. This trade represents a 2.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brady Brewer also recently made the following trade(s):

• On Monday, July 6th, Brady Brewer sold 2,229 shares of Starbucks stock. The shares were sold at an average price of $104.00, for a total value of $231,816.00.
• On Thursday, June 11th, Brady Brewer sold 588 shares of Starbucks stock. The stock was sold at an average price of $100.00, for a total value of $58,800.00.
• On Friday, June 5th, Brady Brewer sold 1,641 shares of Starbucks stock. The stock was sold at an average price of $94.33, for a total value of $154,795.53.

Starbucks Price Performance

Shares of SBUX stock opened at $105.58 on Friday. Starbucks Corporation has a 1-year low of $77.99 and a 1-year high of $109.23. The stock’s 50-day moving average is $102.60 and its 200 day moving average is $99.55. The company has a market cap of $120.36 billion, a P/E ratio of 60.68, a PEG ratio of 1.81 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Wednesday, July 29th. The coffee company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.19. Starbucks had a net margin of 5.17% and a negative return on equity of 34.10%. The business had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the previous year, the company posted $0.50 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. Starbucks has set its FY 2026 guidance at 2.550-2.650 EPS. On average, analysts anticipate that Starbucks Corporation will post 2.64 EPS for the current year.

Starbucks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.48 dividend on an annualized basis and a yield of 2.3%. Starbucks’s dividend payout ratio is presently 142.53%.

Institutional Trading of Starbucks

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Starbucks during the second quarter worth $8,504,509,000. Norges Bank purchased a new position in Starbucks in the fourth quarter valued at $1,232,650,000. T. Rowe Price Investment Management Inc. raised its position in shares of Starbucks by 65.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 19,447,854 shares of the coffee company’s stock worth $1,637,704,000 after acquiring an additional 7,725,547 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Starbucks during the 2nd quarter worth about $779,790,000. Finally, Capital World Investors boosted its stake in shares of Starbucks by 9.0% during the 4th quarter. Capital World Investors now owns 84,727,405 shares of the coffee company’s stock worth $7,135,228,000 after acquiring an additional 7,007,268 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Morgan Stanley lowered shares of Starbucks from an “overweight” rating to an “underweight” rating in a report on Monday. Royal Bank Of Canada restated a “sector perform” rating and set a $115.00 target price (up from $110.00) on shares of Starbucks in a research note on Thursday, July 30th. BTIG Research reiterated a “buy” rating and issued a $115.00 price target on shares of Starbucks in a research note on Friday, July 31st. Citigroup boosted their price target on Starbucks from $108.00 to $112.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Finally, DA Davidson increased their price objective on shares of Starbucks from $102.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Nineteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Starbucks currently has a consensus rating of “Hold” and an average target price of $111.96.

Starbucks Company Profile

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.